ÐÇ¿Õ´«Ã½

Annual report pursuant to Section 13 and 15(d)

REVENUES (Tables)

v3.22.0.1
REVENUES (Tables)
 12 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract] Ìý
Summary of Revenue by market and product line
The following table represents our Revenues by market:
(In Millions)
Year Ended December 31,
2021 2020 2019
Steelmaking:
Automotive $ 4,726Ìý $ 2,062Ìý $ —Ìý
Infrastructure and manufacturing 5,380Ìý 784Ìý —Ìý
Distributors and converters 7,671Ìý 696Ìý —Ìý
Steel producers
 2,124 1,423Ìý 1,990Ìý
Total Steelmaking 19,901Ìý 4,965Ìý 1,990Ìý
Other Businesses:
Automotive 426Ìý 329Ìý —Ìý
Infrastructure and manufacturing 47Ìý 34Ìý —Ìý
Distributors and converters 70Ìý 26Ìý —Ìý
Total Other Businesses 543Ìý 389Ìý —Ìý
Total revenues $ 20,444Ìý $ 5,354Ìý $ 1,990Ìý
The following table represents our Revenues by product line:
(Dollars In Millions, Sales Volumes in Thousands)
Year Ended December 31,
2021 2020 2019
Revenue
Volume1
Revenue
Volume1
Revenue
Volume1
Steelmaking:
Hot-rolled steel $ 5,615Ìý 4,886Ìý $ 386Ìý 633Ìý $ —Ìý —Ìý
Cold-rolled steel 3,186Ìý 2,790Ìý 490Ìý 682Ìý —Ìý —Ìý
Coated steel 5,864Ìý 5,056Ìý 1,747Ìý 1,911Ìý —Ìý —Ìý
Stainless and electrical steel 1,622Ìý 674Ìý 868Ìý 416Ìý —Ìý —Ìý
Plate 1,316Ìý 1,020Ìý 46Ìý 62Ìý —Ìý —Ìý
Other steel products 1,247Ìý 1,460Ìý 46Ìý 79Ìý —Ìý —Ìý
Other 1,051Ìý N/A 1,382Ìý N/A 1,990Ìý N/A
Total steelmaking 19,901Ìý 4,965Ìý 1,990Ìý
Other Businesses:
Other 543Ìý N/A 389Ìý N/A —Ìý N/A
Total revenues $ 20,444Ìý $ 5,354Ìý $ 1,990Ìý
1 All product volumes are stated in net tons.
Summary of Deferred Revenue
The table below summarizes our deferred revenue balances:
(In Millions)
Deferred Revenue (Current) Deferred Revenue (Long-Term)
2021 2020 2021 2020
Opening balance as of January 1 $ 7Ìý $ 22Ìý $ —Ìý $ 26Ìý
Net increase (decrease) 18Ìý (15) —Ìý (26)
Closing balance as of December 31 $ 25Ìý $ 7Ìý $ —Ìý $ —Ìý